Press release
Africa Packaging Market Size and Overview 2021, Industry Share, Key Developments, Growth Strategies, Geographic Comparison and status, Challenges and Drivers till 2026-strapak Ltd (RPC Group), Nampak Ltd
Africa Packaging Market by Component, Application, Services, and Region- Forecast to 2026The Global Africa Packaging Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Africa Packaging business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Africa Packaging worth chain and its wholesaler examination. Africa Packaging Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The Africa packaging market is expected to reach a CAGR of 8.4% during the forecast period (2021 - 2026).
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Top Leading Companies of Africa Packaging Market are strapak Ltd (RPC Group), Nampak Ltd., Mondi Group, Mpact Pty Ltd, Foster Packaging, Consol Glass (Pty) Ltd., East African Packaging Industries Ltd (EAPI), Constantia Afripack (Pty) Ltd, Tetra Pak SA, Bonpak (Pty) Ltd., Frigoglass South Africa (Pty) Ltd. and others.
Industry News And Updates on Africa Packaging Market-
Beverage Industry to Lead the Market Growth
- Beverages hold the maximum market share in the market studied. With consumers getting increasingly careful about what they consume and in what material it is packaged, the focus towards packaging is increased, which further drive the market growth.
- According to the World Health Organisation, the consumers of alcohol in the region are some of the heaviest drinkers globally, which boost the market growth. Also, the increase in demand from soft-drink vendors is helping bottle packaging solution providers, and packaging vendors increase their capacities in the region.
Key Market Trends Africa Packaging Market-
Glass Bottles to Drive the Market Growth
- Glass containers and bottles are widely used by the end-user industries, like pharmaceutical, food and beverage, and wine. As more and more world population is turning toward eco-friendly solutions to increase their contribution, glass packaging is seen as an endless recyclable alternative to plastic packaging. Glass can be 100% recycled and reusable, without losing quality. According to a survey by G&S Business Communications, glass bottles and jars came out on top, with 57% of the US consumers believing that it is the most sustainable.
- South Africa is a wine consuming country. In 2018, according to a report published in Business Insider, 450 million liters of was sold in South Africa, 177 million liters (about 39%) of which were sold in glass bottles.
Competitive Landscape On Africa Packaging Market-
In May 2020 - Tetra Pak, food processing and packaging solutions company acquired South African based asset management company Gaussian to enhance its existing outcome-based solutions for customers.
- In April 2019 - Amcor launched unique, recyclable, high-barrier flexible packaging that can reduce a packs carbon footprint by up to 64%.
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Reasons for purchasing this Report-
-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Africa Packaging in to ultimately get accurate results.
-Analyst Support: Get you query resolved by speaking to our research analysts before and after purchasing the report.
-Customer Satisfaction: Our team of research analysts will accommodate all your Africa Packaging research needs and customize the report accordingly.
-Long-standing experience: Our team of analysts will offer elaborate and accurate insights pertaining to the Africa Packaging Market
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